Private sector lender YES Bank suffered a loss of Rs 3,788 crore in the fourth quarter ended March (Q4FY21) on large provisions of Rs 5,240 crore for stressed assets. It had booked a loss of Rs 3,668 crore in Q4FY20.
It had posted a net profit of Rs 151 crore in the third quarter
Its annual loss for FY21 stood at Rs 3,462 crore, down from Rs 22,715 crore in FY20. The bank, once controlled by Rana Kapur, was restructured under a rescue package wherein a group of Indian lenders led by State Bank of India pumped in equity capital.
Its net interest income (NII) was down 61.5 per cent to Rs 987 crore in Q4FY21 to over Rs 2,560 crore in Q3FY21 and down 22.5 per cent to over Rs 1,274 crore in Q4FY20, the bank said in a statement. The non-interest income declined to Rs 816 crore in Q4FY21 from Rs 1,197 crore in Q3FY20. However, it was up 36.6 per cent over Rs 597 crore in Q4Fy20. Its provisions predominantly for bad loans grew 138.3 per cent in Q4FY21 to Rs 5,240 crore, from Rs 2,199 cror
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April 29, 2021 · ·
Experienced franchise operator inexpensively converts a former restaurant space in Alpharetta City Center to new Curry Up Now
Atlanta, GA (
Curry Up Now, the nation’s largest and fastest growing Indian fast casual concept that is popularly known for its innovative approach to Indian cuisine, is celebrating the opening of its Alpharetta, Georgia, location at
24 South Main Street in Alpharetta City Center. This marks the third metro Atlanta area franchise location and continues Curry Up Now’s aggressive nationwide expansion. With locations in Atlanta’s Madison Yards at Reynoldstown, North Decatur Square and now Alpharetta, Curry Up Now operates 14 restaurants across the country, with more than 50 restaurants in varying stages of development in nearly every major region in the United States.
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